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Hawaii Legislature Passed 100 Percent Renewable Energy Bill

A bill setting a goal for 100 percent renewable energy by 2045 awaits the governor's signature.
May 15, 2015

Hawaii Legislature Passed 100 Percent Renewable Energy Bill

Maui HomeA few weeks ago, we blogged about Hawaii's potential to reach 100% renewable energy. Since then, the state has moved closer to that eventuality with House Bill 623. If the goal is established, analysts predict that ours will be the first in the United States to accomplish it.

The bill was passed by the Legislature recently, and all that remains for it is the governor's signature. With the ultimate goal of a 100 percent renewable energy portfolio standard, the bill aims to increase our renewable energy goal to 30 percent by the end of 2020. The next milestone would be 70 percent by 2040, and finally, 100 percent by 2045.

According to the Hawaii House of Representatives, this will save ratepayers hundreds of millions in the future, while also strengthening our energy industry. Any prospective Maui home owners who are interested in energy costs may want to look in on these goals to get a better sense of what the future has in store for the island. 

Proponents of the bill feel that these energy goals will prove to be cleaner and cheaper, spurring job growth in the renewable energy industry. They have also pointed out that local renewable projects are cheaper than oil and liquefied natural gas, and our current renewable energy is already saving residents hundreds of millions. That's not to say there will be no speed bumps along the way in the future. Change can be difficult, especially at first, and adjustments to our infrastructure will continue to be a necessary component of these changes. As technology improvements are made, however, the transition will inevitably become smoother.

For reference, Hawaii is already running on 21 percent renewable energy, and the current goal that we have in place calls for 40 percent renewables by 2040. The bill will change that figure to 70 percent. This isn't the only change in the works.

The legislature also passed House Bill 1509, which would require the University of Hawaii to meet 100 percent renewable energy standards by 2035 in order to save students around $40 million in tuition every year. Then there is Senate Bill 1050, which would create the nation's first statewide community renewables program. This one would allow a resident to buy into a solar photovoltaic or other renewable project somewhere other than their home, and having their home electric bill credited accordingly. This reminds us of all those South Maui home owners who are interested in renewables but can't stand the look of solar panels. It seems that many creative options are just around the corner.

Mahalo for reading this week!

Blogs for May 2015

Hawaii Seniors 4th Healthiest in the Nation

Posted on May 29, 2015
Hawaii Seniors 4th Healthiest in the Nation

A recent report from the United Health Foundation has revealed that Hawaii's seniors are among the healthiest in the nation. While it's true that some of that is attributed to ethnic trends, there are other factors. If you're thinking of buying South Maui real… Continue Reading

Maui 5th Annual Huliau Youth Environmental Film Festival

Posted on May 22, 2015
Maui 5th Annual Huliau Youth Environmental Film Festival

It's that exciting time of year again for Maui's students as they graduate from high school and begin the next step in the journey of their lives. Some of these talented keiki are part of an extra special event that takes place this… Continue Reading

Hawaii Legislature Passed 100 Percent Renewable Energy Bill

Posted on May 15, 2015
Hawaii Legislature Passed 100 Percent Renewable Energy Bill

A few weeks ago, we blogged about Hawaii's potential to reach 100% renewable energy. Since then, the state has moved closer to that eventuality with House Bill 623. If the goal is established, analysts predict that ours will be the first in the… Continue Reading

South Maui Scholarship Benefit

Posted on May 08, 2015
South Maui Scholarship Benefit

For those of us who are lucky enough to own luxury Maui real estate, it's important to give back to the community that makes our island paradise such an amazing place to live. Supporting the future generation of Maui leaders doesn't only benefit them, but us as… Continue Reading

Declining Hawaii Unemployment

Posted on May 01, 2015
Declining Hawaii Unemployment

Hawaii's unemployment rate fell from 4.6 percent to 4.1 percent in March, compared to the same month last year. This information comes from a recent report released by the state Department of Labor and Industrial Relations. It's good news for anyone who is interested in the health of… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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